Big Bullets’ officials are expected to hold an Extra-ordinary General Meeting (EGM) in Lilongwe Saturday to evaluate the response from their sponsor, Nyasa Manufacturing (NMC), over the club’s takeover.
NMC accepted Bullets Executive Committee’s proposal to take over legal ownership of the team.
In return, NMC promised to construct a stadium, buy a bus and three clubhouses.
Nyasa also promised to inherit the team’s debts and list the team on the Malawi Stock Exchange.
Following the acceptance, Bullets Interim General Secretary, Albert Chigoga, Thursday confirmed the meeting scheduled for Kamudzi Hotel.
He said the steering committee, led by Chairperson, Noel Lipipa, will present Nyasa’s response to all the stakeholders before signing a memorandum of understanding with the cigarette manufacturer.
“Thereafter, the EGM will agree on the date for the presentation ceremony of the legal ownership,” Chigoga said.
NMC sponsors Bullets to the tune of K100 million per year after signing a five-year agreement in 2016.